How to withdraw from XM by bank transfer, credit card and Skrill.
How to withdraw your funds from XM, bank transfer, credit card and Skrill.
XM commits its speed and security for the withdrawal of client funds and completes the procedure for all the withdrawal on XM's side within 24 hours as a general rule. XM also abolishes all the withdrawal fees as a general rule and tries to lessen the burden of the clients.
XM offers following ways to withdraw.
We do not charge any fees for our deposit/withdrawal options. For instance, if you deposit USD 100 by Skrill and then withdraw USD 100, you will see the full amount of USD 100 in your Skrill account as we cover all transaction fees both ways for you. This also applies to all credit/debit card deposits. For deposits/withdrawals via international bank wire transfer, XM covers all transfer fees imposed by our banks, with the exception of deposits amounting to less than 200 USD (or equivalent denomination).
Your withdrawal request is processed by our back office within 24 hours. You will receive your money on the same day for payments made via e-wallet, while for payments by bank wire or credit/debit card it usually takes 2 - 5 business days.
| Withdrawal method | Time to show funds arrival |
bank transfer
|
2 - 5 business days |
credit card/debit card (VISA/Mastercard)
|
Immediate |
Skrill
|
Immediate |
The minimum deposit/withdrawal amount is 5 USD (or equivalent denomination) for multiple payment methods supported in all countries. However, the amount varies according to the payment method you choose and your trading account validation status. You can read more details about the deposit and withdrawal process in the Members Area.
XM's withdrawal rule needs to be followed when the client withdraws his/her funds. Please follow the XM's withdrawal rule before the claim and choose the appropriate ways to withdraw.
XM requires the client to use the same way for the withdrawal as the deposit upto the amount deposited as part of measures against money laundering and terrorism financing. The profit client has earned in the trade can be withdrawn in other ways than by cards.
Below are the examples of how to withdraw when the clients use multiple ways to deposit.
Balance：
$80 withdrawal
| deposit | withdrawal | |
|---|---|---|
|
$ 50 | $ 50 |
|
|
$ 30 |
The amount you deposited upto $ 50 can be withdrawn to your original credit card account, however the rest of the profit of $ 30 need to be withdrawn through different ways.
XM puts the priority on the ways to withdraw when the clients use multiple ways to deposit. The priority is 1: credit card, 2: Skrill, 3: bank transfer.
When the clients use multiple ways to deposit with XM, the withdrawal will be made according to the priority and upto the amount for the original funds deposited. The profit the client earns in the trade can be withdrawn afterwards.
| deposit | ||
|---|---|---|
| May, 10 | |
$ 30 |
| May, 15 | |
$ 20 |
| May, 20 | Trading profit | $ 50 |
| Total $ 100 withdrawal | ||
| Total $ 100 withdrawal | ||
| withdrawal | ||
|---|---|---|
| Priority 1 | |
$ 20 |
| Priority 2 | |
$ 30 |
| Priority 3 | |
$ 50 |
Regardless of the timing the client deposited the funds, withdrawal will be made according to the priority of the ways for withdraw. The profit client earns needs to be withdrawn through other ways than the cards.
Withdrawals will be made from XM's trading account to the bank account the client specifies. Withdrawal procedure on XM's side should be completed within 24 hours after the claim and the funds should be arrived to the account specified by the client within 2 to 5 working days.For withdrawals via international bank wire transfer, XM covers all transfer fees imposed by our banks, with the exception of deposits amounting to less than 200 USD (or equivalent denomination).
When bank transfer is used, funds deposited as well as the profit the client earns can be withdrawn without limit.
Please input the client's bank account information and the withdrawal amount through the Member Page. The withdrawal procedure on XM's side should be completed within 24 working hours.
Withdrawal procedure on XM's side should be completed within 24 hours. Then 2 to 5 working days will be required till the funds arrival on client's bank side. * Time required will be dependent on the countries where the client resides.
For withdrawals via international bank wire transfer, XM covers all transfer fees imposed by our banks, with the exception of deposits amounting to less than 200 USD (or equivalent denomination).
VISA and Mastercard are available for the deposit. Deposit fee is free. Your funds deposited by credit card/debit card are reflected in your account immediately after deposit procedure 24 hours/365 days. Deposit by credit card/debit card is the way for immediate deposit for those who do not have online wallet such as Skrill. XM requires the client who has deposited funds by credit card/debit card to use the same way for the withdrawal. When withdrawn by cards, the withdrawal procedure on XM's side should be completed within 24 hours, then the funds will be returned within 1 week to 1 month (depending on the card issuer). Withdrawal fee by credit card/debit card is free.
When funds are deposited by credit card/debit card, the funds should be withdrawn to the same card account upto the amount deposited by the card according to the XM's priority rule for the withdrawal. When the funds are deposited through various ways such as by cards and bank transfer, the priority lies on the withdrawal by cards than any other ways for withdrawal. Also available amounts for the withdrawal by cards are upto the total deposited amounts by cards. So the profit earned in the trade should be withdrawn in other ways.
Please choose 'credit card/debit card' in the XM Member Page and claim for the withdrawal, and the withdrawal procedure on XM's side should be completed within 24 hours.
Withdrawal by credit card/debit card will be dealt as a cancellation of the utilzation record by cards. It should be the same when you purchase something by using card, then return the goods you purchased for some reason, the purchase amount will be offset with the same minus amount on your utilization record.
Therefore, withdrawal by credit card should be made to the same account for the deposit and upto the same amount deposited. Withdrawal to the different card account or larger amount than deposited isn't possible.
When the deadline date of the card used for XM (it will differ according to the respective issuers) hasn't come yet, the withdrawal procedure (cancellation procedure) will be done and the utilization with XM will be offset by the withdrawal claim. On the other hand, when the deadline has come, withdrawal will be made according to the deadline date of the month the cancellation is made.
Actual timing of the funds return should differ as it will be dependent on the contract you have with the card issuer. So please inquire the card issuer for the details.
Funds will be remitted to the client's Skrill account from XM's trading account. Withdrawal procedure on XM's side should be completed within 24 working hours after the claim and the funds should be reflected in the Skrill's account balance. Withdrawal fee is free with Skrill.
Please choose 'Skrill' in the XM Member Page and claim for withdrawal, and the withdrawal procedure on XM's side should be completed within 24 hours. The funds should be reflected immediately on Skrill.
Skrill is the online money transfer service through electronic mail account or internet operated by a U.K. company.
How long does it take to receive the withdrawal funds.
XM will complete the withdrawal procedure within 24 hours after your request. The time required until you receive the funds will be dependent of the ways. It willl be; 1 week to 1 month by the credit card/debit card, 2 to 5 working days by bank transfer after the XM's withdrawal procedure.
2021.08.12
When I use multiple ways of deposit, which way should I choose for withdrawal?
XM sets up the priority order of withdrawal when the client deposit through multiple ways of deposit. The priority order of withdrawal is credit card/debit card> Online wallet (Skrill)> bank transfer. Please be guided accordingly.
2021.08.12
My credit card has already been debited, how do you deal with the withdrawal in this case?
Your withdrawal claim by credit card/debit card will be dealt as cancellation of your deposit by cards. If we have debited your card account in the bank, it will be dealt as we offset the amount you owe us or we pay the amount to your bank account.
2021.08.12
If I use multiple credit cards for the deposit, how should I claim the funds for withdrawal?
When you use multiple cards, the funds should be withdrawal to the latest credit card/debit card you use. After you log in to the Member area, click the 'Withdraw Funds' and choose the way you want to be withdrawal. However you cannot specify the card you wish to be withdrawal when you ask for your funds.
2021.08.12
Even if the credit card/debit card you use for the deposit expires, cancelled or lost, XM withdrawal your funds to the same card account you use for deposit. XM uses the information registered with the card issuer.
2021.08.12
